DOGE is now trading at $0.086 after tracing out a steady $0.085 – $0.086 range today.
Dogecoin made an initial breakout above its 3 day Simple Moving Average at $0.087, a potential indicator of a newly emerging bullish phase. DOGE is approaching key support, around 1 cents away from $0.083. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Despite muted price action in Dogecoin, chart analysis indicates it is positioned for a bullish run in the short term.
While DOGE is pretty flat so far today, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Having closed the previous session at $7.71, Chainlink USD is up 2.78% today to currently trade at around $7.93.
DOGE has gained 22.58% since its lowest print of $0.053 earlier this year. Dogecoin has a market cap of 11.37 billion with an average daily volume of 399.97 million.